Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Monetary Policy in the Soviet Union: Empirical Analyses of Monetary Aspects of Soviet Economic Development

Monetary Policy in the Soviet Union: Empirical Analyses of Monetary Aspects of Soviet Economic Development

Nakamura, Yasushi

Hardcover

Economics

ISBN10: 1137494166
ISBN13: 9781137494160
Publisher: Palgrave Macmillan
Published: Aug 8 2017
Pages: 222
Weight: 0.97
Height: 0.56 Width: 5.83 Depth: 8.27
Language: English
This book sheds light on ​the Soviet economic system, which claimed the eventual abolition of money, collapsed following a monetary turmoil. It argues that the cause of the economic collapse was embedded in the design of the economic system. The Soviet economic system restricted the market, but continued to use fiat money. Consequently, it faced the question for which no feasible answer seemed to exist: how to manage fiat money without data and information generated by the market? Using Soviet data newly available from the archives, the book evaluates the performance of the components of monetary management mechanism, discovers the continuous accumulation of open and secret government debts, and quantitatively analyzes the relationship between economic growth and the money supply to support the argument. The book concludes that the Soviet economic collapse marked the end of the long history of Soviet monetary mismanagement.

Also in

Economics

View All